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Financial Conduct Authority (FCA) could be the government human body that oversees the pay day loans industry.

Financial Conduct Authority (FCA) could be the government human body that oversees the pay day loans industry.

Competition within the Payday Advances British Marketplace

While assessment your competition in UK we found various sources with various listings of Payday Lenders in britain. Based on some sources, the largest payday loan provider in britain is Wonga, which in 2014 had been calculated to own an industry share of between 30 and 40 . Wonga Group Limited comprises of lots of international services businesses that are financial. The 2nd biggest loan provider is Dollar Financial Group, which runs the cash Shop community, along with online financing platforms Payday Express,Payday UK, and Ladder Loans. Dollar Financial acquired Payday British last year (then UK’s largest online loan provider), and advised the funds Shop’s system could develop from about 350 stores to around 1200. DFC worldwide is among the biggest & most diversified providers of non-standard customer lending options in the entire world.